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was chief of staff for president clinton; very successful businessman. alan simpson, his cochair there, was a former republican senator from wyoming. and that's not what they told us. in the committee two years ago, in the budget committee, maybe a little over two years now they gave a joint statement in which they said this nation has never faced a more predictable financial crisis. and what they were saying was the level of debt we are operating on, the unsustainability of the debt path was so great that we will have some sort of fiscal crisis. i remember about that same time the chairman of the fed, mr. bernanke, testified that you have all these out years and you talk about the debt numbers and all that, but you really don't have to worry about them. i'm paraphrasing but this was pretty close to what he said. because i think these were his exact words: it will never happen. what he basically told us was there would be a fiscal crisis before we get this far down the road. the demographics: aging population, fewer workers, greater debt every year, mushrooming in the out years. so i'm
put forth by the breaux-thomas medicare commission presiden, pt bill clinton and alice rivlin. we'll be happy to take the amendment by unanimous consent. the presiding officer: the senator's time has expired. mrs. murray: madam president, i ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. mr. hatch: madam president? madam president? the presiding officer: the question is on amendment 432. the clerk will call the roll. vote: the presiding officer: are there any senators in the chamber wishing to vote or change their vote? if not, on this vote, the ayes are 96, the nays are 3. the amendment is agreed to. the senator from washington. without objection. under the previous order, there will be two minutes of debate equally divided in the usual form prior to a vote in relation to amendment 156 offered by mr. grassley. the senate will be in order. senators will take their confirmations out of the well. who yields time? mr. grassley: madam president? the presiding officer: the senator from iowa. mr. grassley: this amendment strikes a $97
, 185 different welfare programs and block grants the largest and most expensive ones just as clinton did with aid to families with children. we have this reform of entitlement and reform of these welfare programs and tax reform taking the top rate on individuals to 25% and the bottom rate to 10%. now we go from 10 up to 44 and the corporate rate which is 35% right now. the average in europe is 25 so we compete internationally. we tax our companies and our manufacturing companies more harshly than they do theirs. we want to take that rate to 25. i would rather be better than europe and the canadians are at 17%. i preferred the canadian rate than the european average so the republicans and democrats in their two budgets really show who they are. there is also a third budget which is the congressional budget which is more liberal democrats and they do massive new taxes on top of the ones i discussed. you have a sense of there are some democrats who want to go even further into big government and patty than patty murray and president obama. >> host: americans for tax reform is best known
Search Results 0 to 2 of about 3

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